Author: Oleksandr Ruzhytskyi

Employment of a non-resident by a Ukrainian company: new rules and privileges

On 23 May 2017, the Verkhovna Rada of Ukraine adopted the Law of Ukraine “On Making Amendments to Certain Laws of Ukraine on Elimination of Barriers to Attraction of Foreign Investments” (the “Law“), which came into force on 27 September 2017. The Law sets forth new rules and procedures for employment of the foreigners by the Ukrainian companies, and in this article, we will make a short overview of some new rules. Remuneration The Law essentially increases an amount of remuneration to be paid to the employed foreigners. Particularly, a minimum salary of foreign employees of social and charity...

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Simpler Procedure for Registering as a Private Entrepreneur

The Ministry of Justice has recently clarified that a foreigner does not need to obtain a residence permit in Ukraine to register as a private entrepreneur under Ukrainian law. Before a foreigner had to show a residence permit as proof of her registered address in Ukraine to apply for a private entrepreneur status. After clarification, an expat can provide other documents to evidence her address, e.g. a residential property lease contract, information from the state property registry, etc. From now on the process of registering as a private entrepreneur includes: (1) receiving a tax payer ID number; and (2)...

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The Ministry of Foreign Affairs of Ukraine (MFA) and the Ministry of Justice of Ukraine (MJU) have recently introduced several improvements facilitating the process of getting a visa to enter Ukraine and becoming a registered private entrepreneur in Ukraine. Receiving an electronic visa Nationals of 47 countries can now apply for a visa electronically. The list mostly covers countries from Latin America, Middle East and South-Eastern Asia, including, among others, New Zealand, Thailand, Singapore, UAE, Qatar, Saudi Arabia, Peru, Mexico, and Bolivia. An application can be filed on-line on the MFA website. a single-entry e-visa is issued for up...

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Starting a business in Ukraine

Starting a business in Ukraine – how easy it is and what needs to be done Ukraine becomes more attractive for foreign investments due to the changes in its legislation aimed to simply procedures for starting a business in Ukraine. In this article we will review the most attractive ways to set up a business in Ukraine and the steps to be taken for this. State registration of a legal entity is rather simple Ukrainian law has significantly simplified the procedure of the incorporation and state registration of the legal entities and individual entrepreneurs. Due to current development of...

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